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DeFi’s Regulatory Risk: Should YOU Worry?? ๐Ÿ˜ฐ



๐Ÿ”ฅ TOP Crypto TIPS In My E-newsletter ๐Ÿ‘‰
๐Ÿ† My $3.5K Buying and selling Comp & Offers ๐Ÿ‘‰
๐Ÿ“ฒ Coin Bureau Insider Channel ๐Ÿ‘‰
๐Ÿฆ Comply with Our Twitter ๐Ÿ‘‰

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๐Ÿ“บ Uniswap Video ๐Ÿ‘‰
๐Ÿ“บ Synthetix Video ๐Ÿ‘‰
๐Ÿ“บ Filecoin Video ๐Ÿ‘‰

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– TIMESTAMPS –
0:00 Intro
2:08 Current SEC Lawsuits
6:30 Change Takedowns
10:03 Shutting Down Defi
14:43 Change Restrictions
17:04 Potential Targets?
20:07 Closing Ideas

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โ›“๏ธ ๐Ÿ”— Useful Hyperlinks & Sources ๐Ÿ”— โ›“๏ธ

โ–บ Howey Check:
โ–บ SEC Telegram:
โ–บ Kik Courtcase SEC:
โ–บ DOJ Charging Bitmex:
โ–บ Uniswap a Safety:
โ–บ Decentralisation and Securities:

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๐Ÿ‘ฎ Current Motion ๐Ÿ‘ฎ

There have been numerous latest actions that the SEC introduced firms that have been concerned in unlawful token raises. One of the crucial latest and largest of those was SAFT gross sales. The SEC asserted that this was an unlawful token sale and so they advised Telegram to present again the 1.3 billion. Additionally they needed to pay a superb.

The SEC additionally took concern with the Kik ICO the place they bought KIN. Kik determined to struggle the SEC all the best way to court docket and the decide ultimately dominated in favour of the SEC. This was one of many first instances {that a} decide used the Howey rule towards an ICO.

You then additionally had the gorgeous large motion that occurred over at BitMEX the place they have been charged with breaching the financial institution secrecy act. This resulted in each the SEC and the CFTC bringing actions and arrest warrants being issued for the founders. There have been additionally points raised round potential sanctions violations.

๐Ÿค” Shutting Down Decentralised ๐Ÿค”

Though you might assume that it’s decentralised, only a few of those protocols and dApps are absolutely 100% decentralised. This mainly signifies that there are centralised areas of management that the authorities may goal ought to they need to convey it down.

Firstly, there are “God Keys” that these builders may goal. These are keys which can be managed by builders which can give them management over the protocol and which signifies that they may shut it down.

Assuming that the builders are out of attain of the authorities then they may additionally shutdown the frontend of the location. These must be hosted on both a bulletproof internet hosting platform or on IPFS. This might make it so much tougher to close these guys down.

Even when the regulators can not shut down a dex, they will make it arduous for individuals to make use of them. It’s because they will prohibit exchanges from permitting any customers to ship funds to the trade if they’ve used a DEX at any level. It’s because it’s fairly simple to trace incoming transactions.

๐ŸŽฏ Which Dex’s Are a Goal? ๐ŸŽฏ

Uniswap may very well be a possible goal. That is for numerous causes. Firstly, they’re the most important Dex available on the market with probably the most buying and selling quantity. Which means Uniswap can and in reality has been utilized by some individuals to launder crypto funds.

Then after all there may be one other side to Uniswap that would increase the ire of the SEC. That’s after all that UNI token airdrop. There are lots of that have been musing that this might fall a foul across the guidelines of regulated safety issuance.

One other dex protocol that may very well be a goal is Synthetix. For people who do not know what it’s, it is a defi protocol that enables person to commerce tokenized artificial representations of different belongings (crypto, fiat, commodities and shares).

This was little doubt a significant concern for the builders themselves and was one of many most important causes that they moved to dissolve their basis final yr. They started their steps to a full decentralisation working on a DAO mannequin.

I do not assume that any type of regulatory motion is probably going on both of those protocols although. Imposing such on already decentralised protocols utilized by lots of of hundreds is tough.

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๐Ÿ“œ Disclaimer ๐Ÿ“œ

The data contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who just isn’t a licensed monetary advisor or registered funding advisor. Buying and selling Foreign exchange, cryptocurrencies and CFDs poses appreciable danger of loss. The speaker doesn’t assure any specific final result.

#Defi #regulation #SEC #Uniswap #UNI #synthetix #bitmex #telegram #kik

Source: Coin Bureau

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49 Responses

  1. Good video. Regulation is going to hit Defi hard just like ICOs. You just canโ€™t be a popular product and escape the regulator just by calling yourself Defi: there are always centralised weaknesses, be it foundations, wallets, exchanges, websites etc… Once these protocols are regulated they will become no more useful then normal fin tech, but just harder and more expensive to use.

  2. Lol. They only want to regulate so they can tax. There is no other reason no matter what BS they throw out as a reasoning. Money. Tax. Cash. Revenue. Any government wanting to regulate is in it for no other reason.

  3. Course they should worry if they have been making things, being deceptive.. then shilling, waiting for suckers and dumping their bags ๐Ÿ˜‰ did we not mention this ? its called a blockchain.. actions are there in data forever ? so are posts that lure victims. So I can guess many people will meet captain Orange JUSTICE lol.. i feel bad for them. Its a hard life, but those with skills and.. equal opportunity if not greater than most of us ? doing this is just greedy bullshit. I'm sure they are already going to get a grilling and perhaps some serious drama.. what matters is some are obviously safe and there are some things I would warn people off but i dont have the full story.. just so sure by obvious interpretation of how certain people treated the bosses across the world. Like they deserved to be treated special ? something.. it was not a positive sign at all

  4. Assumption error 1 "this clearly threw a spanner in" is perspective of one thing.. Understanding bigger picture things, what an event is, its cog in many moving cogs all moving forward. Very difficult to see fidelity in news.

    FIDELITY is a key word for all reality. Decoherence is another.
    Choose. Work for.. or delegate to leader.
    CHOOSE WISELY

  5. Calling Cathie Wood.. fantastic educator nominaton COOL GUY but? ๐Ÿ™‚ hey Guy long time no interact directly.. missed your discussions now gonna listen to understand what you might miss

  6. Wrong question. Two lives left MR GUY. You belong on the ARK but you need to have power of responsibility ๐Ÿ™‚ please meet mr computer here, come talk.. find email or twitter and send email.

    (worry is the problem, its always solved easy). NO. FEAR IS NEVER GOOD. COURAGE ALWAYS GOOD.

  7. A friend of mine recommend me to HACKBYDIAMS on IG. Actually now theyโ€™re my best decision of this year because what I got from them is unexpected

  8. I don't like it but regulations are coming because Wall Street is coming and they want government regulations slapped down to clear the chess board. Since they have the army of lawyers to give them an edge, once the board has been cleared and stacked to favor them through regulation, they'll be able to move in a manner that allows them to assert dominance and eventual control over the DeFi and cyrpto space.

  9. Thanks for the content and info. Yes i agree we are in the wild west, but be not afraid! We don't need Centralized Authorities to save us! Exit scammers , rug pullers, etc… will cause collateral damage as well as the Centralized Authorities mentioned in your video. So I would just like to pose some questions to the game of whack a mole that many participate in and the countless victories they have under their belt…. The war on drugs is a game of whack a mole, the war on unregistered cryptocurreny is a game of whack a mole, and the war on decentralized exchanges are game of whack a mole. How are the wars waged by Centralized Authorities going? Are they really winning?

  10. Follow up comment. Can you cover ClinTex (CTI) – I'm seeing a lot about it recently, lots like a solid project, good team, getting involved with the pharmaceutical companies with data storage and management, so big money. Thought?

  11. The short form of this is that governments and central banks deny to loose any of their current market influence they take via fiat inflation and they are highly feared for that reason. What brought them in the situation of beeing highly feared? Ignoring the ongoing investments in the internet for well over a decade after bitcoins initial launch where anyone could see this was designed as a currency. Today they all talk about regulating, banning and releasing CBDC.
    I have no massive crypto investments ongoing but I truly wish for this ending mostly in pointless GEO-blocks and crypto companies moving towards countrys like panama. I have lived my life in a world of inlating currencys and decreasing value, now in central europe even facing negative interests. Goodbye government market control, goodbye private owned "central" banks. Please lord.

  12. I've been watching your videos for a few weeks now and can't wait for the next one, I am so surprised how patiently you gather all this information and explain in details. thank you

  13. It's a fair assessment. The feds can come in and shut it all down if they wanted. At the end of the day you are just a citizen in their country, they run the show.

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